Bishop Eddie Long Connected To Mortgage Scheme

CBS Atlanta News has found Bishop Eddie Long and another local megachurch leader, Gary Hawkins of Voices of Faith, are linked to a questionable mortgage venture that is being investigated by the feds.

CBS Atlanta was the first to report on Matrix Capital’s long list of victims. The company promised to lower people’s mortgages for $1,500 upfront. Police say thousands of homeowners paid Matrix money, but according to investigators, most of them ended up in bankruptcy and losing their homes.

So many people trusted Matrix Capital front man Fred Lee because he made promises of lowering people’s mortgages in the sanctity of their local church.

CBS Atlanta first tracked down Fred Lee on the campus of New Birth, Bishop Eddie Long’s church.

“You are not licensed, are you?” reporter Wendy Saltzman asked Lee.

“No not at all. But hold on, stop, stop, stop stop,” he said.

On Wednesday nights, New Birth is where Lee convinced church members to pay him instead of their mortgages. That is where people started the process that would eventually cost many their homes.

“Where is Eddie Long? Because we would like to talk to him about why he is holding these seminars on his property here,” Saltzman asked the security guards at New Birth.

“You have to leave the property,” the officer responded.

The case against Lee is now being investigated by DeKalb County police and the Secret Service. Long wouldn’t answer Saltzman’s questions.

In a statement, his spokesman said New Birth only provided Lee with a room to hold his meetings. But megachurch pastor Gary Hawkins did a lot more than that.

“I believe that, beyond a shadow of a doubt, that this man walks in great integrity,” Hawkins said in a Matrix Capital corporate video.

Hawkins is the face of the company’s promotional video. He not only brought Fred Lee into his church; he vouched for the man who would eventually be accused of stealing from his church members.